Ultra-high-net-worth individuals or some of the richest people in India are buying properties abroad, according to the Attitudes Survey conducted by global real estate consulting firm Knight Frank. The United Kingdom and United States are among the preferred destinations for the ultra-rich Indians to buy real estate. According to the survey, 74 per cent of the respondents prefer United Kingdom (UK) while 39 per cent responded favourably toward United States for buying property.

Asking why criminal proceedings should not be initiated, the Supreme Court on Wednesday ordered seizure of assets of the embattled real estate group Amrapali. The order of the court relates to the case of non-delivery of flats to around 42,000 homebuyers. Calling the company the "worst kind of cheater in the world" and "a perfect liar" for not complying with its direction, the court ordered Amarpali to hand over all papers from 2015 to 2018 to forensic auditors by Monday. Among the assets that will be attached are a five-star hotel, malls, a fast-moving consumer goods (FMCG) company, a corporate office and luxury cars created out of homebuyers' money.

Jaypee Infratech, which is developing about 32,000 flats and plots across various projects in its township project 'Wish Town' in Noida, has been facing protests and litigation from homebuyers due to huge delays in completion of projects.

The Supreme Court had on Monday stayed insolvency proceedings against Jaypee Infratech at NCLT on a plea by some home buyers, who have neither got homes nor their money back and are seeking protection of their interest.